Elon Musk provided a robotaxi update over the weekend.Shares of Tesla (TSLA 4.13%) traded nearly 4% higher as of 2 p.m. ET today. CEO Elon Musk provided an update on the company's robotaxi fleet on Sunday, and new data could suggest that its electric vehicle (EV) sales trends are improving.A wider robotaxi releaseAccording to Barrons, Tesla recently reported longer wait times for its Model Y, rising from one to three weeks to a range of four to six weeks. It could signal that orders are picking up. The firs ...

During my usual Sunday evening market scan, two names jumped off the screen as standout opportunities for the week ahead: Meta Platforms ((META) and Tesla ((TSLA). These are two of the largest, most closely watched names in the market, and right now they both appear to be on the verge of significant technical breakouts.Over the past few months, their paths have diverged. Tesla has been grinding through a year marked by choppy, and volatile price action, while Meta has marched steadily higher, leading the br ...

Core Insights - Tesla has disbanded the team working on its Dojo AI training supercomputer, shifting focus to AI5 and AI6 chips [1][3][4] - The D2 chip development has been shelved, and resources will be concentrated on the AI5 and AI6 chips, which are being manufactured by TSMC and Samsung [3][4] - Musk indicated that the new strategy aims to reduce complexity and costs by consolidating efforts on fewer chip designs [4] Company Strategy - The decision to shut down Dojo was made after determining that it was an "evolutionary dead end," with future efforts now directed towards AI6 systems-on-a-chip [2][4] - The AI5 chip is designed for Tesla's Full Self-Driving (FSD) system, while AI6 is intended for both onboard inference and large-scale AI training [3][4] - Musk suggested that the new approach could be referred to as "Dojo 3," focusing on integrating multiple AI5/AI6 chips on a single board [4] Market Context - The shift in strategy occurs amid declining electric vehicle (EV) sales and brand challenges for Tesla, particularly following Musk's political engagements [8] - Despite these challenges, Musk is attempting to reassure investors about Tesla's future in autonomy, even as the robotaxi launch has faced difficulties [9]

NEW YORK, Aug. 11, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Tesla, Inc. (NASDAQ: TSLA). WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm ...

Core Viewpoint - Tesla is advancing its autonomous vehicle initiatives, with a potential public launch of its Robotaxi service expected next month, while also anticipating significant upgrades to its Full Self-Driving system by the end of September [1][3]. Group 1: Autonomous Vehicle Developments - Arizona's Department of Transportation is reviewing Tesla's application for operating autonomous vehicles, with a decision expected by the end of August [1]. - Tesla's Robotaxi service, launched in Texas in late June, is projected to reach half of the U.S. population by the end of the year [2]. Group 2: Stock Performance and Projections - Following Elon Musk's optimistic statements, Tesla shares rose 1.27% in pre-market trading, reaching $329.68 [2]. - Musk suggested that a $150,000 investment in Tesla could potentially yield millionaire status, projecting the stock price could rise to over $2,000, leading to a market cap of at least $6.5 trillion [3]. Group 3: Energy Market Expansion - Tesla is awaiting approval from Ofgem for its energy license, which would enable the company to deliver energy to households and businesses in the UK as early as next year [4].

Core Insights - Tesla is preparing to enter the UK electricity market by applying for an electricity supply license from Ofgem, which could allow it to compete with major energy firms as early as next year [2][3] - The application was submitted by Tesla Energy Ventures and signed by Andrew Payne, who oversees the company's European energy operations [2] - Tesla already operates an electricity supplier in Texas, called Tesla Electric, which launched in 2022 and allows customers to optimize energy consumption and sell excess energy back to the grid [3] Sales Performance - Tesla's new car sales in the UK dropped nearly 60% to 987 units last month, down from 2,462 units a year ago [4] - In Germany, Tesla car sales fell to 1,110 units in July, representing a 55.1% decrease compared to the same month in 2024 [4] - These sales figures highlight the challenges Tesla faces, including stiff competition from Chinese EV manufacturers and reputational issues stemming from Elon Musk's controversial statements and political affiliations [5]

Group 1 - Cathie Wood has significantly increased Ark Investment Management's position in Tesla, acquiring a total of 318,275 shares in July 2023 across multiple ETFs [1][4][3] - The recent buying activity includes purchases of 59,705 shares on July 11, 115,380 shares on July 15, and 143,190 shares on July 24 [4][3] - Wood's bullish stance on Tesla is driven by the company's potential in the AI sector, particularly through innovations in autonomous driving and the robotaxi business [6][8] Group 2 - Tesla's CEO Elon Musk has made ambitious claims regarding the company's autonomous ride-hailing capabilities, suggesting that half of the U.S. population could have access to it by the end of the year [9][15] - Ark's long-term price target for Tesla is set at $2,600 per share, heavily relying on the successful scaling of the robotaxi operation [8][11] - Tesla is positioned at the intersection of multiple sectors, including automotive, energy storage, AI, and robotics, complicating its valuation compared to traditional automakers [12][14] Group 3 - The stock tends to trade based on narratives rather than traditional valuation metrics, as evidenced by its expanding price-to-earnings (P/E) multiple despite declining profitability [14] - There are concerns regarding Musk's aggressive timelines for the robotaxi rollout, with potential regulatory hurdles and a history of missed deadlines [15][16] - Monitoring Tesla's progress in scaling the robotaxi business is essential, as financial impacts from AI advancements may take time to materialize [16]

Core Insights - Tesla is facing significant challenges, including declining sales and consumer backlash, while CEO Elon Musk has been awarded a $29 billion compensation package [2][9]. Sales Performance - Tesla's registrations in Europe fell by 41.6% year-over-year in July, despite a general surge in electric vehicle sales across the continent [3]. - In China, Tesla's sales of locally made electric vehicles dropped by 8.4% in July compared to the previous year, reversing a small gain from June [5]. Consumer Sentiment - Consumer loyalty for Tesla has sharply declined, dropping from a peak of 73% in June 2024 to 49.9% in March 2025, correlating with Musk's political activities [7]. - The negative impact on Tesla's brand image is evident, as buyers are shifting to other brands due to dissatisfaction with Musk's political stance [6]. Executive Compensation - Tesla's board granted Musk 96 million shares worth approximately $29 billion to ensure his focus on the company amid his various ventures [9]. - This decision follows a court ruling that invalidated Musk's previous compensation package, which was valued at over $50 billion, due to flaws in the approval process [9][10]. Future Outlook - Tesla is at a critical juncture, balancing its current operations in electric vehicles and zero-emission credits with potential future ventures in artificial intelligence, robotics, and robotaxi services [10].

Core Viewpoint - A class action lawsuit has been filed against Tesla, Inc. and certain officers for alleged violations of federal securities laws during the Class Period from April 19, 2023, to June 22, 2025, seeking damages for misleading statements regarding the company's business and operations [1][4]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Western District of Texas, seeking to recover damages for all persons and entities that purchased Tesla securities during the Class Period [1]. - Investors have until October 4, 2025, to request to be appointed as Lead Plaintiff for the class [2]. Group 2: Allegations Against Tesla - The Complaint alleges that Tesla made materially false and misleading statements about its autonomous driving technology, overstating its effectiveness and the safety of its vehicles [4]. - Specific allegations include that Tesla's autonomous driving vehicles, including the Robotaxi, posed significant risks of operating dangerously and violating traffic laws, which could lead to increased regulatory scrutiny [4]. Group 3: Robotaxi Launch and Incidents - Tesla launched its Robotaxi service on June 22, 2025, with a public event in Austin, Texas, featuring autonomous vehicles with safety monitors [5]. - Following the launch, reports emerged of the Robotaxis violating traffic laws, prompting scrutiny from the U.S. National Highway Traffic Safety Administration (NHTSA) [6][7]. - Tesla's stock price fell by $21.13 per share, or 6.05%, over two trading sessions following the negative reports about the Robotaxi incidents [7]. Group 4: Legal and Financial Implications - After the Class Period, a jury found Tesla partly liable for a fatal 2019 Autopilot crash, ordering the company to pay $329 million in damages [8].

Core Points - Tesla Robotaxi has been granted a permit to operate a ride-hailing service with autonomous vehicles in Texas as part of a new state law regulating driverless vehicle services [1][2] - The permit allows Tesla to use automated motor vehicles for commercial ride-hailing but does not classify them as fully autonomous vehicles [2][3] - The new state bill, SB 2807, establishes a legal framework for autonomous vehicle services and requires companies to seek authorization from the DMV for driverless vehicle classification [4][5] Regulatory Framework - The Texas Department of Licensing & Regulation (TDLR) issued the permit, which is valid for one year [2] - The new law requires compliance with federal motor vehicle safety standards and mandates that vehicles be equipped with data recording devices [5] - The TDLR focuses on regulating ride-hailing services, while the DMV handles the classification of autonomous vehicles [5] Industry Context - The Texas market is becoming a competitive ground for robotaxi services, attracting technology companies like Waymo due to its less stringent regulations compared to California [10] - Prior to the permit issuance, some lawmakers urged Tesla to delay the launch of its robotaxi service until the new law took effect [9] - In California, Tesla has been operating a ride-hailing service with a human safety monitor while awaiting regulatory approval for its robotaxi [11]